Rochdale Hornets Forced To Amend Budgets

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8 January 2018

Championship side Rochdale Hornets have discovered budget inaccuracies and have found it necessary to potential payment reductions with staff and players before the start of the 2018 season.

A club statement said that “the discussions are ongoing and the club is working closely with the playing group to resolve this matter as quickly and efficiently as possible.”

The statement continued: “Unexpected poor commercial performance in 2017 combined with inaccurate financial information in advance of a budget setting meeting means there is now a forecast deficit heading into the 2018 season. The board and senior management recognise the situation this presents and is taking appropriate action to recover the situation.

"The deficit in part is down to two headline sponsors facing financial difficulty in 2016/17 and subsequently being unable to fulfil their sponsorship commitment which resulted in a circa £20,000 loss to the club. This coupled with unaccounted costs for playing Championship rugby league and a lack of sponsorship uptake for the 2018 season have contributed to the potential deficit.”

Steve Kerr, Rochdale Hornets CEO said: “This is far from an ideal situation but we are working with the players and their agents to reach an agreement on making some short-term savings. In addition, every effort is being made to cut operational expenditure and generate new income streams.

“The club stands on the brink of a great season with a team hungry for success and is determined to overcome this temporary setback.

“At the recent AGM a

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